Suncor Energy's CEO claims the company's Canadian refining operations shield it from tariffs, outpacing rivals.

Suncor Energy's CEO, Rich Kruger, says the company's large refining operations in Canada protect it from tariffs, unlike competitors who rely more on exporting crude oil to the U.S. Despite a drop in profit to $818 million in Q4 2024 from $2.82 billion the previous year, Suncor's adjusted earnings of $1.57 billion beat expectations. Analyst Chris MacCulloch notes Suncor's strong position in a potential trade war due to its extensive refining within Canada.

6 weeks ago
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